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BUSINESS
Jun 29, 2000

NTT breakup fails to level playing field

Nearly a year after the splitup of Nippon Telegraph and Telephone Corp., the big experiment is coming under scrutiny as questions are raised over whether its new profile has actually made a difference.
JAPAN
Jun 28, 2000

Top farm bureaucrat pleads not guilty to bribery

An elite farm ministry bureaucrat pleaded not guilty Tuesday to helping an agricultural cooperative in Kagawa Prefecture secure farm subsidies in exchange for entertainment worth 2.9 million yen.
BUSINESS
Jun 28, 2000

Three DaimlerChrysler execs to join MMC board

Shareholders of Mitsubishi Motors Corp. approved a plan Tuesday to have on the company's board of directors three people appointed by DaimlerChrysler AG, which is to become Mitsubishi Motors' main shareholder.
BUSINESS
Jun 28, 2000

Low-yen policy may falter if BOJ ups rates

Bank of Japan Policy Board members have begun openly signaling a policy switch, apparently taking comfort from reports pointing to an economic pickup.
COMMENTARY / World
Jun 26, 2000

China between a rock and a hard place

OXFORD, England -- There has been much discussion recently about whether China is heading for a soft landing or hard landing. My first reaction to such discussions is always to ask landing from what? In this case the answer is relatively easy, the Asian financial crisis of 1997, from which China allegedly...
JAPAN
Jun 26, 2000

Tobacco scam included sales

A 58-year-old company president arrested Saturday for possessing thousands of packs of counterfeit cigarettes in apparent violation of the Trademark Law is also suspected of marketing the tobacco in violation of the Tobacco Business Law, police sources said Sunday.
BUSINESS
Jun 23, 2000

7dream.com Web shop to open in July

7dream.com Ltd., a joint venture centered on convenience store chain Seven-Eleven Japan Co., announced Thursday that it will open one of the nation's biggest e-commerce shopping Web sites on July 1.
JAPAN
Jun 21, 2000

Close digital divide: ministry

An environment better suited to the Internet and cellular phones is urgently needed for the development of the rapidly growing "new economy" in Japan, the Posts and Telecommunications Ministry said in a report released Tuesday.
BUSINESS
Jun 21, 2000

Sogo may sell prime Osaka store to rival

OSAKA -- Sogo Co., a financially strapped department store chain, is in talks with longtime rival Mitsukoshi Ltd. on selling its flagship store in a prime Osaka shopping district, sources close to the talks said Tuesday.
BUSINESS
Jun 20, 2000

Official cool to NTT's call to revise law

A top posts and telecommunications regulator on Monday brushed aside a call by the head of Nippon Telegraph and Telephone Corp. to revise the law governing NTT's operations to resolve a row between Japan and the United States.
BUSINESS
Jun 20, 2000

Cresvale chief denies being part of bond fraud

The former chairman of Cresvale International Ltd.'s Tokyo branch pleaded not guilty Monday to charges that he violated the Securities and Exchange Law by selling so-called Princeton bonds to clients while knowing they would be irredeemable.
JAPAN
Jun 20, 2000

Scandal-tainted kingmaker also a 'caring man'

The political career of the late Noboru Takeshita was rocked by a series of scandals that forced him to largely wield his influence from behind the scenes after he stepped down as prime minister in 1989.
JAPAN
Jun 18, 2000

PC outlet staffed by Aum delayed

The scheduled opening Saturday of a personal computer sales outlet in Tokyo's Chiyoda Ward, to be staffed by followers of the Aum Shinrikyo cult, has been postponed due to a request from the landlords, sources close to the store said.
BUSINESS
Jun 17, 2000

Second-tier banks regained profits in '99

Second-tier regional banks returned to profitability in fiscal 1999 for the first time in four years due largely to a substantial drop in bad-loan writeoffs and profits from share sales, an industry association said Friday.
JAPAN
Jun 16, 2000

Sumitomo halts sales of rubber gloves with hormone disrupters

Sumitomo Rubber Industries Ltd. said Thursday that it will stop selling vinyl chloride gloves for use in preparing food, in response to a warning Wednesday by the Health and Welfare Ministry that the gloves contain hormone disrupters.
JAPAN
Jun 16, 2000

Kubota-linked 'sokaiya' held

OSAKA — Osaka Prefectural Police on Thursday arrested two "sokaiya" corporate racketeers on suspicion of accepting 85 million yen in bribes from major machinery maker Kubota Corp. in the form of billboard rental fees, police sources said.
BUSINESS
Jun 16, 2000

Hewlett-Packard, Softbank planning PC joint venture

Hewlett-Packard Co. of the United States will be entering the Japanese personal computer market by setting up a joint venture with Softbank Corp. and selling home-use products on the Internet, the U.S. firm's chief executive officer announced Thursday.
BUSINESS
Jun 15, 2000

Corporate failures climb for seventh month in a row

Corporate bankruptcies in Japan rose 12.4 percent in May from the previous year to 1,528 cases, marking the seventh consecutive monthly rise, a private credit research agency said Wednesday.
BUSINESS
Jun 15, 2000

NTT calls for relaxing of law as prerequisite to bigger cuts

The law concerning the Nippon Telegraph and Telephone Corp. group should be revised to grant more freedom to its two local calling companies and the revision should be a prerequisite to any further cuts in the connection fees it charges other telecommunications firms, the NTT Corp. president said Wednesday....
BUSINESS
Jun 15, 2000

MITI to help small firms access giants in Internet age

The Ministry of International Trade and Industry will create a council in July to give all-around support to small office/home office businesses, officials said Wednesday.
BUSINESS
Jun 13, 2000

'Happoshu' shakes up beer market

Low-priced "happoshu" beverages accounted for 24.2 percent of Japan's beer market in May, according to statistics released Monday by the nation's four largest brewers.
BUSINESS
Jun 6, 2000

Failed LTCB reopens itself as Shinsei Bank

The Long-Term Credit Bank of Japan relaunched itself as Shinsei Bank on Monday, about 19 months after it collapsed and was placed under state control.
JAPAN
Jun 6, 2000

DEHP-laced food hidden by ministry

The Health and Welfare Ministry kept secret a report compiled in February that revealed a high concentration of a hormone-disrupting substance has been detected in boxed lunches sold at convenience stores, sources close to the case said Monday.
BUSINESS
Jun 6, 2000

Midsize life insurers continue to polarize

Polarization among the nation's midsize life insurers is accelerating due to a business environment that is becoming increasingly severe, according to the fiscal 1999 earnings reports the seven firms had released as of Monday.
EDITORIALS
Jun 3, 2000

Pointless war in Africa

Most wars are senseless. Some, however, are especially pointless. That is certainly the best way to describe the tragedy that has befallen the African nations of Ethiopia and Eritrea. A poorly demarcated border provided the excuse for a war that two of the world's poorest countries can ill afford. This...
BUSINESS
Jun 3, 2000

Share price drop halts merger talks

Japan Energy Corp., the nation's fifth-largest oil refiner and wholesaler, said Friday that it has suspended talks with Nippon Mining & Metals Co. on creating a joint holding company at the request of the copper smelting subsidiary.
BUSINESS
Jun 3, 2000

Two firms plan car service Net site

Fujitsu Ltd. and Idemitsu Kosan Co. announced Friday that the two firms will set up a joint electronic commerce venture in July to offer auto-related services via the Internet.
BUSINESS
Jun 2, 2000

Sony to license PlayStation2, increase semiconductor output

Sony Computer Entertainment Inc. said Thursday it will invest 125 billion yen to expand its production capacity for semiconductors, mainly for its PlayStation2 game console.
BUSINESS
Jun 2, 2000

DoCoMo tieup eyes i-mode-friendly ads

Mobile phone giant NTT DoCoMo Inc. and major ad agency Dentsu Inc. announced Thursday they have jointly set up an agency specializing in ads to be posted on DoCoMo's i-mode wireless Internet service.

Longform

Rock group The Yellow Monkey played K-Arena Yokohama in June as part of a nationwide tour. Concerts are increasingly popular in the age of social media as users value in-person experiences.
Inside Japan’s arena boom: Sports, sound and city-building